eBooks, Articles, & More

Lessons from the Collapse of Champlain Towers South

We were shocked, along with the rest of the world, by the collapse of our client property, Champlain Towers South Condominium Association, in Surfside, FL on June 24, 2021. Our hearts broke for the families and friends of the 98 people who lost their lives in this unprecedented disaster. Although the underlying causes of the tragedy have yet to be determined, we know, based on our March 2020 Reserve Study, that the towers were 40 years old and the Association was significantly “underfunded”.

Older Condos Part 2 Q&A eBook

The collapse of Champlain Towers South, a 12-story condominium association in Surfside, FL, captured the nation’s attention because it was so unexpected and so deadly. In the midst of so many unanswered questions about what led to this tragedy, Association Reserves’ goal is to help associations respond effectively, and rise to meet the specific challenges of maintaining properties as they age. We can’t change what happened down at Champlain Towers South. But we need to examine if there is something to learn from that tragic collapse that can help us all do a better job at our associations. Julie Adamen, management consultant of Adamen Inc, and Robert Nordlund, PE, RS of Association Reserves came together to address the four C's of effective board behavior and share insights about how you can learn the combined physical and financial condition of your association and keep your eye on the numbers that matter.

Older Condos Part 1 Q&A eBook

The collapse of Champlain Towers South, a 12-story condominium association in Surfside, FL, captured the nation’s attention because it was so unexpected and so deadly. In the midst of so many unanswered questions about what led to this tragedy, Association Reserves’ goal is to help associations respond effectively, and rise to meet the specific challenges of maintaining properties as they age. On July 28, 2021, a panel of four industry experts were brought together to address key issues and best practices so managers, board members, and homeowners can respond appropriately, making the present less stressful and the future more secure for their associations. The content of this eBook consists of questions asked by the webinar attendees and answers provided by our expert panel.

Sample Reserve Investment Policy

Provided as a courtesy by Association Reserves. Please customize as appropriate and review with appropriate legal and accounting professional counsel

Sample Reserve Policy

Provided as a courtesy by Association Reserves. Please customize as appropriate and review with appropriate legal and accounting professional counsel

What Makes My Percent Funded Change?

If we make a reserve expenditure “on schedule” (i.e., according to our Reserve Study), why does our Reserve Fund Strength (Percent Funded) drop? That’s a great question because it illustrates the difference between the calculation of Reserve Fund strength and paying for reserve expenses.